Telemedicine Market to be Worth US$36.3 Billion by 2020: Transparency Market Research

Nov 05, 2015, 10:30 ET from Transparency Market Research

ALBANY, New York, November 5, 2015 /PRNewswire/ --

Transparency Market Research announces the publication of a new report about the global telemedicine market. The report, titled "Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2014 - 2020", contains a comprehensive overview of the market. The research report contains valuable opinions of expert industry analysts, who have compiled this document with an aim to provide accurate guidance to the readers.

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The research report states that the global telemedicine market was valued at US$14.3 bn in 2014 and is estimated to reach US$36.3 bn by 2020, growing at a CAGR of 14.30% from 2014 to 2020.The global telemedicine market has been witnessing a boom due to the growing demand for privacy, increasing government expenditure, supportive reimbursement policies, and rise in the demand for personal healthcare. In addition to this, the efforts of global telemedicine market players to tap into the unmet medical needs in remote places and the increasing patient pool in rural areas will also help the proliferation of this market.

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The biggest restraints on the global telemedicine market are the shortage of trained medical staff and poor response time. This problem is further worsened by the lack of assurance amongst patients and practitioners about the risk of incomplete or inadequate assessment might also limit the growth of this market. The global telemedicine market has been segmented on the basis of specialty, service, and geography. The market is segmented into the specialty segments of dermatology, cardiology, neurology, orthopedics, internal medicine, emergency care, gynecology, and others. The type segments of the market are tele-monitoring, tele-consultation, tele-education, tele-training, tele-care, and tele-surgery. Geographically, the global telemedicine market is segmented into regions such as Asia Pacific, Europe, North America, and Rest of the World.

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According to research analysts, the neurology segment is expected to grow at a CAGR of 15.90% till 2020 as Alzheimer's and Parkinson's diseases remain on the rise. Medical consultation services will remain the most commonly used form of telemedicine used by physicians for expanding the outreach of their medical advice. The tele-monitoring segment will also enjoy an upward trend due to the increasing diabetic and disabled population.The research report on the global telemedicine market profiles some of the key players such as Allscripts Healthcare Solutions, Inc., Agfa HealthCare NV, InTouch Technologies, Inc., CARDIOCOM, LLC, CISCO Systems, Inc., F. Hoffmann-La Roche Ltd., AMD Global Telemedicine, Inc., Honeywell HomMed LLC, OBS Medical Ltd., LifeWatch AG, Medtronic, Inc., Siemens Healthcare, and McKesson Corp. This chapter helps in understanding the competitive landscape and assesses the intensity of the competition. It gives a detailed explanation of the company profile, financial status, and research and development plans.

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The global telemedicine market is segmented as follows: 

Telemedicine Market, by Specialty 

  • Cardiology
  • Dermatology
  • Neurology
  • Orthopedics
  • Emergency Care
  • Internal Medicine
  • Gynecology
  • Others

Telemedicine Market, by Service Type 

  • Tele-consultation
  • Tele-monitoring
  • Tele-education
  • Tele-care
  • Tele-training
  • Tele-surgery

Telemedicine Market, by Geography 

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

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  1. Video Telemedicine Market Estimated to be Worth US$1,624.4 Million by 2020 

A new research report published by Transparency Market Research on the global video telemedicine market states that this market is expected to grow at a CAGR of 16.5% during the forecast period from 2014 to 2020, to reach an estimated value of US$1,624.4 million. The report is titled "Video Telemedicine Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2014 - 2020" and notes that the global video telemedicine market was worth US$559.0 million in 2013.The report contains detailed information and comprehensive analysis of market trends, growth drivers and restraints, product categories, and other market segments of the video telemedicine market. The market forecast for the period from 2014 to 2020 is also described in detail in the report. The report analyzes the global video telemedicine market on three bases: Communication technology, application, and geographical distribution of the global market for video telemedicine.

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  1. Global Telemedicine Technologies Market - Industry Size, Market Share, Trends, Analysis and Forecasts 2015 - 2023 

The research report on telemedicine technologies provides an insight of the powerful dynamics of the nascent telemedicine technologies market. As the telemedicine technologies market grapples to find its grip, the report looks at the possible opportunities it can hold on to. It also notes the drivers, inhibitors, challenges, and threats for the global telemedicine technologies market. The report on telemedicine technologies consists of a SWOT analysis and a Porter's five forces analysis to give its reader complete knowledge of threat from new entrants, influence of substitute products in the market, it also explains the bargaining power of consumers and suppliers, and lastly, estimates the intensity of competition from rivals in the telemedicine technologies market.

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About Us:  

Transparency Market Research (TMR) is a U.S. based provider of syndicated research, customized research, and consulting services. TMR's global and regional market intelligence coverage includes industries such as pharmaceutical, chemicals and materials, technology and media, food and beverages, and consumer goods, among others. Each TMR research report provides clients with a 360-degree view of the market with statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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